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Search Results 0 to 14 of about 15 (some duplicates have been removed)
and social security? congresswoman jackson, over the next 13 day, it's a very critical time. your thoughts. >> absolutely. you know, i was on the floor of the house and making a comment about this pending tragedy, and indicated that those who have social security and medicaid and medicare, they actually earned it. they paid taxes, and they actually earned it for their time of need, for social security and medicare. and i was blasted by those who said earned it, well, i'm concerned because they did earn it. they worked and they deserved it. and now with this pending crisis, we know that as sequester comes and there are across-the-board cuts, and there is an attitude of looking for any dollar they can find, there is rumor that what the republicans are looking for is not to address solvency for social security, but really to end it as we know it, to cut medicare and to cut made mediterranean cade. so i see it, ed, as a very serious proposition, and the letter we sent to the president was to hold the ground on anything that would jeopardize social security for the american people, cpi and all
sooner. it's in illinois in the second district there. jesse jackson jr. quit his seat there, holding a special election to replace him. the primary happens a week from tuesday. this is a heavily, heavily, heavily democratic district. so it is pretty well accepted that whoever wins the democratic party is going to win this seat in congress. that's why we had 17 democrats announce that they were going to run for this seat when it first became open. in a field that crowded and in a ace that is this short, name recognition and perceived status is everything. right? whoever seems like the obvious choice, whoever seems like the obvious choice, whoever is running in that primary, who themselves is a former member of congress and left congress in good standing with all the name recognition and the status that brings with it, that person is not necessarily a shoo-in, but that person who left in good standing, that person is probably the front-runner. but in this case, in this election, there is a problem with that would-be front-runner there is a problem with her record. there is a problem wi
argued about it. there was a second bank of the united states that was created. andrew jackson basically ended its charter. there's a long history of mistrust in parts of the united states about the central bank and what it does. back in the jefferson and hamilton days, a lot of the farm state bankers did not trust the first bank of the united states. there is a federal reserve board in washington made up of seven governors and chairman who is ben bernanke. then there are 12 regional fed banks. they're all part of this federal reserve system. the regional fed bank, every chartered bank of the united states has to pay in capital to the federal reserve banks and in return they get a dividend. but these are not banks the way we think of commercial banks. the federal reserve bank of new york is not like citigroup out there trying to earn big profits to return to shareholders. their job is to manage the money supply. it is also to be a lender of last resort in a crisis, which is what the federal reserve did in 2007. when there is a run on a bank, when depositors flee the banking system becaus
Search Results 0 to 14 of about 15 (some duplicates have been removed)